1847 Holdings LLC

1847 Holdings LLC is a U.S. holding company that buys controlling interests in small operating businesses and manages them as majority-owned subsidiaries. Following recent divestitures, it reports one operating segment: construction, centered on finish carpentry and related building products and installation services. The company’s current platform includes CMD (acquired December 2024) in Las Vegas, which supplies and installs doors, frames, trim, hardware, millwork, cabinetry, and specialty construction accessories. 1847 also maintains a corporate services function that provides executive management, financing, and public-company infrastructure to the operating subsidiary.

11,2 %

49,5 %

136,3 %

+207,3 %

0.25

0.25

— 1847 Holdings LLC
%
Finish carpentry & installation services55% On-site finish carpentry labor and installation work for building projects.
Building products supply (doors, frames, trim, hardware)30% Procurement, fabrication/packaging, and delivery of doors, frames, trim and hardware.
Millwork, cabinetry & specialty accessories15% Millwork and cabinetry-related products and specialty construction accessories sold with projects.

The construction segment sells primarily to project-based buyers that need finish carpentry scope delivered on schedule...

  • General contractorsprimary

    Buy finish carpentry labor plus door/frame/trim/hardware packages to simplify subcontracting and reduce schedule risk.

  • Commercial developerssecondary

    Purchase packaged interior opening solutions (doors/frames/hardware) and installation for multi-unit and commercial projects.

  • Residential builderssecondary

    Buy cabinetry, millwork, and finish carpentry services for single-family and multi-family construction.

  • Homeowners (direct-to-consumer)emerging

    Purchase custom cabinetry/countertops and related installation for remodels and upgrades (notably via cabinetry operations).

  • Government entitiesemerging

    Procure finish carpentry and related products/services through project bids requiring compliance and documentation.

Operations are U.S.-based, with recent activity concentrated in Nevada following the acquisition of CMD in Las Vegas...

  • United States-only footprint based on disclosed subsidiaries
  • Las Vegas, Nevada is a key hub via CMD finish carpentry
  • Reno, Nevada presence via cabinetry operations (Innovative Cabinets)
  • Geographic mix can change quickly with acquisitions/divestitures
  • Exposure tied to local construction cycles and labor markets

1847’s strategy combines operating a core construction platform with an acquisition-led portfolio approach focused on...

01
Liquidity and financing accessshort-term

Capital availability determines ability to operate and pursue acquisitions; management cites going-concern dependence on funding.

02
Cost control and corporate overhead disciplineshort-term

Public-company and corporate services costs can be large relative to operating scale, affecting cash burn and flexibility.

03
Portfolio optimization around constructionmedium-term

Concentrating on a single reportable segment can simplify execution and capital allocation after divestitures/discontinued ops.

04
Acquisition-led growth with integrationlong-term

The holding-company model depends on sourcing deals and integrating subsidiaries to generate stable cash flows.

A central company-specific risk is liquidity and going-concern uncertainty: management states continuation depends on...

critical

Going concern dependent on raising additional capital

Management states continuation depends on securing bank lines/financing and attaining profitable operations; failure could force cessation.

Scope
Funding access (debt/equity), cash conservation needs
Materiality
high
high

Ability to integrate and operate acquired businesses

The strategy relies on acquisitions; integration failures can reduce cash flows and increase costs.

Materiality
high
high

Earnings volatility from fair value changes in warrants/derivatives

Reported other income/expense includes large gains/losses from remeasurement, which can swing net income materially.

Materiality
high
Fair value measurement of warrant liabilities
Volatility in other income/expense and net income
Fair value measurement of derivative liabilities
Non-cash gains/losses in other income/expense
Discontinued operations and held-for-sale classification
Segment and period comparability
Goodwill and intangible assets impairment
Potential step-downs to operating income
Lease right-of-use asset impairment
One-time operating expense and asset write-down

: 11/08/2026